By Sami Zaptia.
London, 7 July 2020:
Libya’s Libyan African Investment Company (LAICO) regained ownership of its Tanzanian tourist resort, Libya’s state-owned and Tripoli-based LANA news agency reported yesterday.
LANA said that ownership of Bahari Beach resort in Tanzania’s capital, Dar es Salam, was regained by its owner, Libyan state investment entity LAICO, with the help of the Foreign Ministry of Libya’s internationally recognized government in Tripoli.
There had been social media ‘‘noise’’ about the resort and the fact that some unscrupulous locals in cahoots with some Libyans illegally transferred the ownership of the resort in their favour. The LANA news release would only say that the resort was ‘‘seized by some parties’’ in 2016.
It added that a LAICO company source said all legal measures and procedures were made to restore the ownership to the Libyan State.
It quoted LAICO chairman praising the efforts made by the Tripoli Foreign Ministry in following up and addressing issues facing Libyan investments in African host countries.
Bahari Beach is a resort with a hotel opened in 2003 and regarded as one of Dar es Salam’s landmarks. It occupies 24 hectares and is located 25 km from the city centre.